Fingerprints, voice prints, palm vein patterns, face recognition and iris scans are all now being tested for verifying a consumer’s identity for payments at the point of sale and to protect access to mobile wallets, online commerce, mobile banking applications, individual apps on a device and physical locations. We take an in-depth look at the latest developments.
The European Central Bank sets out recommendations for mobile payments services, the CEO of Kopo Kopo explains how his company has enabled 10,000 Kenyan merchants to accept M-Pesa mobile money payments in their stores, and how ex-Google Wallet execs are set to bring Amazon-like customer awareness to brick and mortar stores.
A detailed new report from the World Bank member IFC explains why many mobile financial services fail to take off, PXT’s Looped In payments and marketing app for college students is gathering pace with 125 merchants now signed up in the Boston area, and Timberland puts plans in place to roll out Bluetooth LE marketing after a successful pilot.
Amazon pushes into payments, PayPal details the technology it will be using to enable customers to make payments at Discover merchants, and Loop unveils a mobile payment solution that works with standard magnetic stripe terminals and uses NFC technology to secure users’ card data.
In this edition of The Mobile Wallet Report we reveal how the launch of Apple’s new iPhones and iOS7 gives a major boost to Bluetooth Low Energy technology and fingerprint biometrics; PayPal is to offer merchants a Bluetooth LE device with WiFi capability to process “hands-free payments”; a second Luxembourg bank integrates low-cost mobile payments platform Digicash into its mobile banking service; and more…
In this 17-page edition of The Mobile Wallet Report we cover: Google takes its wallet to the cloud; PayPal hits 250,000 stores, invests in merchant upgrades; Alternatives to both NFC and QR begin to gain traction; and more…
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